In a survey of 1500 households, it is found that 47% of them have a high-definition television (based on data from the Consumer Electronics Association). Use a 0.01 significance level to test the claim that fewer than half of all households have a high definition television. Is the result from a few years ago likely to be valid today?
Large data Sets. In Exercises 33 and 34, use the data set from Appendix B to test the test the given claim. Identify the null hypothesis, alternative hypothesis, test statistic, P-value or critical value(s), conclusion about the null hypothesis, and final conclusion that addresses the original claim. Use the P-value method unless your instructor specifies otherwise. Use the normal distribution as an approximation to the binomial distribution.